Granite Ridge Resources Inc (GRNT) financials
Granite Ridge Resources revenue and earnings by year
Granite Ridge Resources's revenue was $450 million in the fiscal year to December 31, 2025, up 18.5% from the year before. Net income was $24.4 million, 5.4% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 79.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 450 | 380 | 394 | 497 | 290 | 87 | 13 |
| Revenue growth | 18.5% | -3.6% | -20.8% | 71.4% | 233.2% | 548.0% | — |
| Gross profit | 338 | 297 | 306 | 422 | 246 | 60 | 10 |
| Gross margin | 75.0% | 78.0% | 77.6% | 84.9% | 84.7% | 68.9% | 71.4% |
| Operating income | 46 | 59 | 91 | 302 | 143 | -35 | 6 |
| Operating margin | 10.3% | 15.5% | 23.0% | 60.7% | 49.4% | -40.3% | 42.2% |
| Net income | 24 | 19 | 81 | 262 | 108 | -24 | 4 |
| Net margin | 5.4% | 4.9% | 20.6% | 52.7% | 37.4% | -27.5% | 27.1% |
| Diluted EPS | $0.18 | $0.14 | $0.61 | $1.97 | — | — | — |
| Free cash flow | -123 | -57 | -56 | 117 | -9 | -50 | -1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open GRNT in Markets.
How Granite Ridge Resources makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Oil & Gas Service | $140M | 93.6% |
| Natural Gas Storage | $9.60M | 6.4% |
See also: GRNT valuation and P/E history · GRNT returns
No forecast, no recommendation. This page describes Granite Ridge Resources Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.